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Jan 17, 2013
01/13
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MSNBC
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you just can't ignore the interplay between biology and environment. >> what about the fact that we talk about the irish or the native american indians. is it a lack of tolerance? is there a term for it? >> no, no, no. there's a genetic factor and an environmental factor. but the bottom line is we know how to deal with this. prevention, prevention, prevention. nine out of ten addicts started when they were teenagers. if the brain is still developing and you hijack it, you're permanently -- >> you don't like these laws legalizing marijuana? >> no, i don't. i think we need the public health community to weigh in here. so we need to be mindful, and not jump into this. >> like joe camel and that kind of stuff. >> exactly. liquor stores. liquor stores are places where people are going to abuse liquor and have easy access. >> this is too hot. the hottest topic in this country right now is gun safety. your family has been victimized. because of your family being victims, we are all victims. what is your feeling? >> it's not just the person that's killed, like my uncles. it's the whole family. s
you just can't ignore the interplay between biology and environment. >> what about the fact that we talk about the irish or the native american indians. is it a lack of tolerance? is there a term for it? >> no, no, no. there's a genetic factor and an environmental factor. but the bottom line is we know how to deal with this. prevention, prevention, prevention. nine out of ten addicts started when they were teenagers. if the brain is still developing and you hijack it, you're...
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Jan 19, 2013
01/13
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MSNBC
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>> this is a different environment than it was four years ago, craig and a couple of points. president bush does come into a success term in the strong political position. his approval readings is 52% and the second-term agenda items like gun control as well as immigration and you mentioned those attitudes about the direction of the country and about the economy and this is an american public right now that lowered its standards and lowered its expectations from four years ago. in some ways that's a good situation from the obama white house and sometimes lower expectations make it easier to get achievements done, but this is a country that is still being hit by the aftereffects of the great recession and also this poll comes after the terrible tragic shooting as well as the showdown in the new year. >> we polled folks when they were already pretty down. >> let me ask you about the war in iraq. president obama's political prominence first propelled by his opposition to the war. what did we find in the poll with regards to the war in iraq? >> it was fascinating, a number we had
>> this is a different environment than it was four years ago, craig and a couple of points. president bush does come into a success term in the strong political position. his approval readings is 52% and the second-term agenda items like gun control as well as immigration and you mentioned those attitudes about the direction of the country and about the economy and this is an american public right now that lowered its standards and lowered its expectations from four years ago. in some...
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Jan 18, 2013
01/13
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MSNBC
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you can't ignore the complex interplay between biology and environment when it comes to this illness. >> what about the ethnic factor? we always talk about the irish or the native american indians. is it lack of tolerance? what's the terms? is there a term for it? is there legacy? >> no, no, no. there's a genetic factor and there's an environmental factor. but the bottom line is we know how to deal with this. prevention, prevention, preen. nine out of ten addicts started when they were teenagers. if the brain is still developing and you hijack it with the use of experimentation of marijuana, drugs, you're -- >> you don't like these laws legalizing marijuana. >> no, i don't. i think we need the public health community to be -- weigh in here because we already know what the liquor industry and the tobacco industry have done to our country in targeting kids. and so we need to be mindful and not rush into this -- >> like joe camel, that kind of stuff. >> exactly. joe camel. liquor stores are in places where you know that there are people who are going to abuse liquor and are going to have
you can't ignore the complex interplay between biology and environment when it comes to this illness. >> what about the ethnic factor? we always talk about the irish or the native american indians. is it lack of tolerance? what's the terms? is there a term for it? is there legacy? >> no, no, no. there's a genetic factor and there's an environmental factor. but the bottom line is we know how to deal with this. prevention, prevention, preen. nine out of ten addicts started when they...
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Jan 17, 2013
01/13
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CNBC
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even in this low environment how do you do it? what's the plan? >> you do more deposits, more loans. in fact, last year our net interest income, the difference between what we get on the loans versus what we pay on deposits, an endless margin, dropped 18 basis point but we actually grew net interest income so you do more, and we've dealt with this low rate environment before. do i think rates are too low? yes. a lot of monetary stimulus, but we're able to operate in that environment, and it's been a real bargain for borrowers. on the other hand, savers have paid a real price. >> how do you offset that knowing that it's become tougher to make money in banking? >> well, this year we grew revenues by 6% quarter over quarter from a year ago and 6% you took the whole year. almost all of it on the non-interest income side. half of our revenues come from fee for services, mortgage brokerages, other things so we don't only live on the margin, if you will, so think of a company that can produce those kind of revenue numbers with no help from the margin or
even in this low environment how do you do it? what's the plan? >> you do more deposits, more loans. in fact, last year our net interest income, the difference between what we get on the loans versus what we pay on deposits, an endless margin, dropped 18 basis point but we actually grew net interest income so you do more, and we've dealt with this low rate environment before. do i think rates are too low? yes. a lot of monetary stimulus, but we're able to operate in that environment, and...
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Jan 13, 2013
01/13
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CNNW
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. >> the train dispatchers and supervisors would operate out of this office environment. they had several different workstations where they could see the trains coming in and out of the station and further up the line. completely destroyed. need to be replaced and rebuilt. >> the force of the water so great, it even destroyed escalators designed to last 40 years. >> the actual force of the water coming down the escalator lifted the landing plates from position. the pit itself still has several feet of water standing in it. these are one of our escalators that's a total loss. >> so this is going to have to come out altogether? >> come out and be replaced. >> the destruction here is just a part, a big part, but just a part of the pounding that the infrastructure system took as a result of superstorm sandy. just imagine, if you will, what happened to the electrical grid on the eastern seaboard. >> the northeast, obviously, took a real beating as a result of superstorm sandy. and i think it did reveal a number of weaknesses. among them, questions have come up fairly, i think,
. >> the train dispatchers and supervisors would operate out of this office environment. they had several different workstations where they could see the trains coming in and out of the station and further up the line. completely destroyed. need to be replaced and rebuilt. >> the force of the water so great, it even destroyed escalators designed to last 40 years. >> the actual force of the water coming down the escalator lifted the landing plates from position. the pit itself...
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Jan 13, 2013
01/13
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CNNW
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that kind of discussion feels dead on arrival in this political environment where we can't get something like a basic budget done. >> the problem is we're going to have to do some of this, anyway. anyone who owns a home knows this. if you defer maintenance, if you say to yourself, my boiler is leaking but i'm not going to fix it, that's actually a penny wise, pound-foolish decision. it will eventually break and cost you three times as much. that's what's happening with our roads, bridges and highways. if you look at air travel. we have one of the world's most antiquated travel systems, we need to update the antiquated computer system. one day you're going to have terrible problems or you're going to have a kind of the system will break down, it's not going to cost $25 billion. it will cost $50 billion. >> there's another thing we don't talk about enough. we're talking about spending as if there's this generally irresponsible spending around. some of that might be true. the bigger issue is nilements, the growth in what those are going to cost us over time. that's the real threat. it's the
that kind of discussion feels dead on arrival in this political environment where we can't get something like a basic budget done. >> the problem is we're going to have to do some of this, anyway. anyone who owns a home knows this. if you defer maintenance, if you say to yourself, my boiler is leaking but i'm not going to fix it, that's actually a penny wise, pound-foolish decision. it will eventually break and cost you three times as much. that's what's happening with our roads, bridges...
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Jan 18, 2013
01/13
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FOXNEWS
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profits or make one that maybe they think is something more in tune politically whether it's for the environment or for good health, whatever, is that part of conscious capitalism you make a decision not to just go for the dollar? >> actually, conscious capitalism rejects the premise behind that question. >> greta: okay. >> the premise is there's trade-offs and you have to negotiate between the trade-offs, if you're doing something for the environment it must come at the expense of the investors. good conscious leadership is to define win, win, win strategies so all of these stake holders simultaneously winning, that's sometimes not easy requires imagination and creativity. >> greta: taxes and have you thought about our corporate tax rate? >> could have,we have the highest corporate tax rate in the entire world now. japan used to be number one and u.s. number two. they cut their rates and now when you combine state and federal taxes, the highest corporate tax rates in the world. >> greta: how does that affect your business? you're very successful, you're a rich man and how does it affect you and
profits or make one that maybe they think is something more in tune politically whether it's for the environment or for good health, whatever, is that part of conscious capitalism you make a decision not to just go for the dollar? >> actually, conscious capitalism rejects the premise behind that question. >> greta: okay. >> the premise is there's trade-offs and you have to negotiate between the trade-offs, if you're doing something for the environment it must come at the...
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Jan 15, 2013
01/13
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CNBC
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against that backdrop, you have a pretty risky environment in the sense that pcs are going through a lot of change right now. so while the valuation of dell stock is pretty darn attractive and i understand the rationale in this low interest rate environment to want to do a deal, because the deal is so large and there's uncertainty around dell's pc core business, i think when push comes to shove, the deal does not get done. >> i want to underscore one of the top rated analysts doesn't think that it's going to happen. shares are moving a little bit higher. stocks almost 23% at this point. obviously had that huge move yesterday. where does that leave the company's future, toni? what are they going to do? >> look, i think the company has been very deliberate in laying out a strategy, which is, we're going to try and move away from pcs. we're going to take our cash and buy companies to try and make us more of an enterprise player. one of the benefits of not going private is you have more degrees of freedom. you don't have to use your cash flow to pay down debt. you can use your cash flow
against that backdrop, you have a pretty risky environment in the sense that pcs are going through a lot of change right now. so while the valuation of dell stock is pretty darn attractive and i understand the rationale in this low interest rate environment to want to do a deal, because the deal is so large and there's uncertainty around dell's pc core business, i think when push comes to shove, the deal does not get done. >> i want to underscore one of the top rated analysts doesn't...
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Jan 13, 2013
01/13
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. >> now, a number of politicians, current and former, have joined forces to create a partisan-free environment, and called "no labels" they are pledged to a simple proposition, stop fighting and start fixing. we'll discuss compromise and the chances for success with the no labels chairman, democratic senator joe manchin of west virginia and former republican governor of utah jon huntsman, next. she wants. now you can with new stayfree ultra thins. flexible layers move with your body, while thermocontrol wicks moisture away. keep moving. new stayfree. or treat gas with these after you get it. now that's like sunblock before or sun burn cream later. oh, somebody out there's saying, now i get it! take beano before and there'll be no gas. >>> with me now, senator joe manchin, democrat from west virginia and former presidential candidate and former utah governor jon huntsman, thank you both for being here, joining forces here. i have to say when i was reading about this, and said, okay, goals to argue less and act more, and i'm thinking, yeah, but how do you go about that, particularly from the out
. >> now, a number of politicians, current and former, have joined forces to create a partisan-free environment, and called "no labels" they are pledged to a simple proposition, stop fighting and start fixing. we'll discuss compromise and the chances for success with the no labels chairman, democratic senator joe manchin of west virginia and former republican governor of utah jon huntsman, next. she wants. now you can with new stayfree ultra thins. flexible layers move with your...
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Jan 17, 2013
01/13
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what creates that environment? >> right, you don't notice when you place yourself in a permissive environment. let's take the case of infidelity. let's say that you believe you would never cheat on your spouse. it's okay to go to the all girls's singles bar because that would never be something thaw would do. but once you arrive in the situation there is all these temptations and maybe you have a drink or two and do something outside of the bounds of what you anticipated. after the fact, your beliefs actually change about what infidelity means and you revise your beliefs so you are more lenient. this is the kind -- >> you talk environment and want to turn to the psychology to my right, dr. paula bloom. it's also a group mentality thing. when i think academics and you are sitting in a class and it's a group cheat. if someone else is doing it, it's okay. >> right. when it comes to academics, it's a few things. i'm not getting an unfair advantage. i'm leveling the playing field. it's justified. what she was saying is
what creates that environment? >> right, you don't notice when you place yourself in a permissive environment. let's take the case of infidelity. let's say that you believe you would never cheat on your spouse. it's okay to go to the all girls's singles bar because that would never be something thaw would do. but once you arrive in the situation there is all these temptations and maybe you have a drink or two and do something outside of the bounds of what you anticipated. after the fact,...
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Jan 18, 2013
01/13
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WTTG
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great for people who love the environment, celebrating the efforts of the people in the last four years in the energy and environmental sector. that's supposed to be a great party, too. >> something for everybody? >> something for everybody. >> what we want to know, also, besides that great information, the celebrities coming in town. we don't really get it that often. it's new york, l.a. what about us? it's our turn. >> we're getting celebrities. we do get a few with some of the movie premiers. "argo" recently. beyonce, she'll be here. people are really excited about that. she's set to do the national anthem at the inauguration. lots of people will be tuning in. katy perry is in town. the cast of "glee" for all the people who watch that show. kelly clarkson will perform. the list goes on. eva longoria will be here as well. >> showing james taylor, too. taking us back, like we saw aretha franklin perform that famous hat that's now on display at the museum somewhere, so star power is the same, it's just maybe a little bit smaller as far as the number of stars that we can expect in d.c.?
great for people who love the environment, celebrating the efforts of the people in the last four years in the energy and environmental sector. that's supposed to be a great party, too. >> something for everybody? >> something for everybody. >> what we want to know, also, besides that great information, the celebrities coming in town. we don't really get it that often. it's new york, l.a. what about us? it's our turn. >> we're getting celebrities. we do get a few with...
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Jan 15, 2013
01/13
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CNBC
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the environment we live in is still conducive to be la tij jous because no one can make any money. carl, back to you. >> rick, we'll talk to you in a bit. rick santelli. >>> goldman is making waves with its bonus payouts. mary thompson has a flash. >> the company confirming that goldman has decided not to delay the bonus payments until april which would have allowed the bonuses to be taxed at a lower rate. goldman sachs' stock is slightly higher, about three-quarters of a percent. those payments originally due here in the u.s. in 2013 but the company, again, accelerated those payments into 2012 to take advantage of lower tax rates. again, the uk says -- someone close to the company saying that after some consideration, it will not be delaying bonus payments there to take advantage of lower rates. back to you. >> yeah, not the only bank where compensation is in the news. thank you, mary. >>> a few minutes left in europe's trading days. simon hobbs in less than 60 seconds. and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd#
the environment we live in is still conducive to be la tij jous because no one can make any money. carl, back to you. >> rick, we'll talk to you in a bit. rick santelli. >>> goldman is making waves with its bonus payouts. mary thompson has a flash. >> the company confirming that goldman has decided not to delay the bonus payments until april which would have allowed the bonuses to be taxed at a lower rate. goldman sachs' stock is slightly higher, about three-quarters of a...
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Jan 17, 2013
01/13
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CNBC
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it is a tough environment for luxury as people trade down and start looking for bargains. joining us is susan lyne, chairman of gilt.com. she's also the former president and ceo of martha stewart living. also on set with us this morning our guest host, mellody hobson. susan thank you for joining us this morning. >> thank you. >> i checked out gilt.com and i have to say, these are great brands at great prices. >> it is. >> how do you offer some of the bargains you're offering? >> you know, we've got long relationships now, we're about five years old, with many of the top brands, and they realize this is a great way for them to sell excess inventory and everyone has excess inventory because these are event-based sales. they're quick. and consumers love them. >> i've seen you run out of stock quickly on these things. buy it now or it's gone type of situation. >> yep. >> is it a difficult environment for luxury right now? is that a fair estimation? >> our sector has had a fantastic holiday. we were up over 30% on gilt.com. >> but you're talking about bargain prices, where peop
it is a tough environment for luxury as people trade down and start looking for bargains. joining us is susan lyne, chairman of gilt.com. she's also the former president and ceo of martha stewart living. also on set with us this morning our guest host, mellody hobson. susan thank you for joining us this morning. >> thank you. >> i checked out gilt.com and i have to say, these are great brands at great prices. >> it is. >> how do you offer some of the bargains you're...
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Jan 15, 2013
01/13
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CNBC
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this is a very good credit environment. but that is a huge amount of financing for an lbo. in fact we haven't seen something like that since the financial crisis, and you're not buying into a great road story here. you're not buying into energy. you're buying into dell. basically the banks would be asked to do a bet on the personal computer market. >> dan, the second piece of this, as i think about it, though, is this idea that you're actually going back to the club deal, right? you're having two firms club up, and now with something that was, almost, i thought it was now a relic of the 2007, '06, '05 and people were no longer going to do that, at best, they were going to partner potentially with their own limited partners like the pension funds but not necessarily together to fund themselves. >> yeah, and it's particularly interesting that tpg is involved in this. one of the biggest private equity firms in the world but they might have some troubles fund-raising next time out. their performance hasn't been good the last two funds. one of the things they've been telling the
this is a very good credit environment. but that is a huge amount of financing for an lbo. in fact we haven't seen something like that since the financial crisis, and you're not buying into a great road story here. you're not buying into energy. you're buying into dell. basically the banks would be asked to do a bet on the personal computer market. >> dan, the second piece of this, as i think about it, though, is this idea that you're actually going back to the club deal, right? you're...
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Jan 17, 2013
01/13
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CNBC
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i actually feel the environment is still tough, maybe getting more friendlives can i ask you about the rally we've had generally? it's notable that goldman sachs has outperformed both the ac and citi with an 18% rise in the stock over the last month. today, of course, you downgraded goldman sachs in the light of that move. where are you on the sort of share price movement that is we might see in those three and oats moves forward? >> to see additional up side in a broker dealing, you have to see the economy get better. that could happen. i'm hoping it will happened. i'm just not sure if this is the time to put new money into goldman sachs, if we're sure not sure that will play its way out. it's just a matter of, how long does it take for the uncertainty to get out of the way, so companies can get back to making acquisitions. >> jeff, do people give you a hard time when you cut the ratings and yet boost the price targets? that gets made fun of a lot. >> yeah, we do get some for it. the price target increase, it's very form layically driven. what our pick it into our what it's done over
i actually feel the environment is still tough, maybe getting more friendlives can i ask you about the rally we've had generally? it's notable that goldman sachs has outperformed both the ac and citi with an 18% rise in the stock over the last month. today, of course, you downgraded goldman sachs in the light of that move. where are you on the sort of share price movement that is we might see in those three and oats moves forward? >> to see additional up side in a broker dealing, you have...
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Jan 14, 2013
01/13
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CNBC
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>> in this environment, we're actually asking our clients to think about three things. first we're going to have low interest rates for awhile. so they need to adjust their expected returns. so in a low interest rate environment we're going to have lower returns across all asset classes. second, we're telling our clients that as they think about the lower returns in the context of their portfolios, they also need to recognize that we are going to have volatility from incremental policy on a global basis. whether it's in the u.s., europe, japan or emerging market countries. we are expecting that policy, whether it's monetary policy adjustments, fiscal policy, it will all be incremental. and that will create market pressure because it won't be at a pace that the markets would like to see. so that will introduce volatility. and it's not something our clients should try to trace. they should look over the horizon and invest for the long run. >> looking at the long run, three to five-year term outlook if you look at those expected returns, what's interesting to me is that yo
>> in this environment, we're actually asking our clients to think about three things. first we're going to have low interest rates for awhile. so they need to adjust their expected returns. so in a low interest rate environment we're going to have lower returns across all asset classes. second, we're telling our clients that as they think about the lower returns in the context of their portfolios, they also need to recognize that we are going to have volatility from incremental policy on...
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Jan 20, 2013
01/13
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FOXNEWSW
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what we saw since the 2010 elections when the democrats took a beating has crated the current environment. the president is strong. going forward in the second term, does he try and reduce the deficit? does he try and fix long term problems with social security and medicare or does it make it about scoring political points on things like taxes on the super rich or gun control issues that don't matter to your average american. if you listen to his rhetoric, i'm not optimistic about the second term. >> is he on a roll or is he stalled as he begins the second term? >> well, i would disagree strongly with chris and say these are scoring political points and not things that resonate with the average american. if they did not resonate, he would not have won a second term. all these issues including raising taxes on the rich are supported by strong majorities of americans. one issue that he'll taken on not on the radar screen three months ago or certainly a year ago is obviously the issue of reducing gun violence. this is supported by vast majorities of americans, simple common sense laws like r
what we saw since the 2010 elections when the democrats took a beating has crated the current environment. the president is strong. going forward in the second term, does he try and reduce the deficit? does he try and fix long term problems with social security and medicare or does it make it about scoring political points on things like taxes on the super rich or gun control issues that don't matter to your average american. if you listen to his rhetoric, i'm not optimistic about the second...
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Jan 18, 2013
01/13
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MSNBC
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he had to control the environment and the situation. and that, again is -- >> as john said the sports filled with cheating and everybody knows it. there is an aspect of the story with oprah hassling armstrong about he does seem to be different. in order to cover up what he was doing he ruined the lives of a lot of people to cover up including this woman emma o'riley armstrong's former masseuse and she says armstrong tried to, quote, make her life a living hell after she went public with some of the details of his doping operation. >> what do you want to say about emma o'riley? >> hey, she -- she's one of these people that i have to apologize to. she is one of these people that got run over, got bullied. >> yeah. isn't she -- you sued her. >> ah, to be honest, oprah, we sued so many people i don't even -- i'm sure we did. >> you're suing people and you know that they're telling the truth. what is that? >> it's a major flaw and it's a guy who expected to get whatever he wanted and to control every outcome. and it's inexcusable and that's
he had to control the environment and the situation. and that, again is -- >> as john said the sports filled with cheating and everybody knows it. there is an aspect of the story with oprah hassling armstrong about he does seem to be different. in order to cover up what he was doing he ruined the lives of a lot of people to cover up including this woman emma o'riley armstrong's former masseuse and she says armstrong tried to, quote, make her life a living hell after she went public with...